It has manufacturing facilities in Dharwad and Lucknow where it builds bus bodies on chassis supplied by the Company and marketed by the Tata Motors under the "Starbus" and "Starbus Ultra" bus brands. Tata Marcopolo Motors was one of the first to introduce low-floor passenger buses for public transportation in Delhi, Mumbai and other cities. and TMML intend to maintain an open channel for future collaboration opportunities around bus body designs and technical consulting services," Tata Motors said. Tata Marcopolo Motors Limited is a 51:49 joint venture of Tata Motors and Marcopolo of Brazil. "The transaction will not result in any impact on TMML's operations or the continued sales and service of the Company's customers.
#TATA MARCOPOLO LICENSE#
will continue to license the "Marcopolo" trademarks to TMML for a minimum of 3 years with a non-compete provision in India for a corresponding period. Tata Marcopolo is a bus and coach manufacturing company headquartered in Karnataka, India and a joint venture between Tata Motors and Marcopolo S.A. In addition as part of the transition, Marcopolo S.A. Post the purchase, all technologies pertaining to existing bus body products manufactured will continue to vest with TMML, it added.Īlso Read: Maruti to come up with 'Baleno-based' new compact SUV In December 2020, Tata Motors and Marcopolo had entered into an agreement, under which the homegrown automaker had agreed to purchase 49 per cent shareholding of its Brazilian partner for Rs 99.96. accountcircle Allows us to help you view career opportunities with the Tata group Designation. The proposed acquisition would be completed by February 28, 2021, the company said.Īfter a successful venture in India, and as a consequence of its refreshed business strategy, Marcopolo S.A has decided to exit from the JV and offered to sell its 49 per cent shareholding in the JV to the company, Tata Motors said. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and.
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